Coworking presents a solution to a variety of workplace challenges, offering a pay-as-you-go alternative to traditional office space. Typically thought of as a place for budding start-ups, coworking can help solve common business challenges regardless of where a company is in its life cycle.
Below we explore both the advantages and… Read More
By: Eli Gilbert, senior vice president, JLL Research
Hurricane Harvey made landfall as a Category 4 storm, August 25, 2017, northeast of Corpus Christi, Texas. The slow moving system was quickly downgraded to a tropical storm but would eventually dump an estimated 19 trillion gallons of water… Read More
By: Ronnie Deyo, executive vice president and office team lead, JLL Houston
Despite Hurricane Harvey’s widespread devastation, Houston’s office properties fared relatively well, with less than 60 office buildings reporting damage from the storm. As a result, the office market, by-and-large, stayed its course through the close of… Read More
When it comes to premium office space it seems there’s always a market for it, even in an economic downturn. Despite consolidations, space give-backs and record sublease levels, Houston’s Skyline office buildings are still outperforming the market, commanding top dollar and capturing the lion’s share of leasing activity.
By the numbers:
At 19.5 percent, Houston’s Skyline vacancy remains below the market-wide office vacancy
Skyline real estate nationally is at a turning point due to increasing new supply, slowing job growth and movement toward safe investments. As a result, rent growth is likely to slow and even plateau for Trophy assets, and vacancy declines will stall… Read More